Web3 Ventures completes private placement and will list on Canadian Securities Exchange on September 11

Odaily Planet Daily News Web3 Ventures, which focuses on strategic investments in blockchain solutions and decentralized applications, announced that it has received final approval and will be listed on the Canadian Securities Exchange (CSE) under the stock code "WEBV" in September. Opening on the 11th. Separately, the company has issued 669,691 units on September 7 at a price of $0.10 per unit, with total proceeds of $66,969. Each unit consists of one subsidiary voting share (SVS) of the company and one SVS purchase warrant. Each SVS Warrant entitles its holder to purchase an additional SVS at an exercise price of $0.20 per SVS for a period of 24 months from the date of issuance. All securities issued in connection with the offering will be subject to a four-month hold period under applicable securities laws. The company intends to use the net proceeds from this offering for general working capital purposes, completing the listing of its SVS on the CSE and deploying to new and existing Web3-related applications and companies. (Globe Newswire)